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    856 Rte 66 Glendora, CA 91740-3602
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    Property profile & analytics

    856 Rte 66, Glendora, CA 91740-3602

    View on Map
    • Retail space
    • 3,480 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Apr 22, 2024
    $1,200,000
    Property ID
    US09-9187177
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    6.4%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Baskin-Robbins / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 856 Rte 66

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Zone code
    GDR_RT66SP
    Property type
    Retail space
    APN
    8644-017-047
    APU
    8644017047

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2024 — Jcan Investments LLC — Deed · related $500k · Hanmi Bank
    Apr 23, 2024 — Dale Gelgur Dale Gelgur Re-recorded Document · related —
    Apr 22, 2024 $1,200,000 Jcan Investments LLC Dale Gelgur Grant Deed —
    Nov 27, 2023 — Dale Gelgur Raymond Gelgur Affidavit Death Of Trustee/successor Trustee · related —
    Mar 12, 2014 — Gelgur Trust Gelgur Family Trust Quit Claim Deed · related —
    Mar 23, 2000 — Gelgur Raymond Gelgur,r & B Quit Claim Deed · related —
    Sep 14, 1999 $1,560,000 Gelgur Trust Galgur,raymond & Beatrice Grant Deed $170k · Citizens Business Bank
    Mar 10, 1971 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,285,000
      6.5%
      $1,185,000
      7%
      $1,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,630,000
      Market price range: $758k - $1.63M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,200,000
      Current use
      AUTO REPAIR, GARAGE
      $1,610,000
      Change: +34% Conversion: Difficult
      MEDICAL BUILDING
      $1,580,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,075,000
      Change: -10% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,020,000
      Change: -15% Conversion: Difficult
      OFFICE BUILDING
      $1,000,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendora
    County
    Los Angeles
    State
    California
    Longitude
    -117.851
    Latitude
    34.1284
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,878
    $624,844
    $329,576
    $954,420
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,675,000
      34,724 SF

      750 Rte 66

      RETAIL STORES (PERSONAL SERVICES)
      750 Rte 66, Glendora, CA 91740-4162
      View Details
    • Value Estimation
      $1,750,000
      7,000 SF

      801 Rte 66

      RETAIL STORES (PERSONAL SERVICES)
      801 Rte 66, Glendora, CA 91740-3603
      View Details
    • Value Estimation
      $1,195,000
      6,000 SF

      1350 Rte 66

      RETAIL STORES (PERSONAL SERVICES)
      1350 Rte 66, Glendora, CA 91740-3706
      View Details
    • Value Estimation
      $615,000
      2,400 SF

      1728 Bonnie Cv Ave

      RETAIL STORES (PERSONAL SERVICES)
      1728 Bonnie Cv Ave, Glendora, CA 91740-6016
      View Details
    • Value Estimation
      $680,000
      3,000 SF

      722 Grand Ave

      RETAIL STORES (PERSONAL SERVICES)
      722 Grand Ave, Glendora, CA 91740-4140
      View Details
    • Value Estimation
      $1,515,000
      7,740 SF

      340 Rte 66

      RETAIL STORES (PERSONAL SERVICES)
      340 Rte 66, Glendora, CA 91740-6243
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,600 SF

      Freestanding Commercial Building with Auto Shop

      3,600 sq ft commercial building on 9,724 sq ft lot.
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      18,132 SF

      Glendora Public Market For Sale

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      Freestanding Commercial Building For Sale

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      View Details
    • Contact for pricing
      4,775 SF

      Mixed-Use Development Opportunity

      Proposed mixed-use development featuring residential and commercial units.
      2010-2022 Route 66 E, Glendora, CA 91740
      View Details
    • $205,000

      Established Canvas Business Opportunity

      Turnkey canvas business with 60+ years of operation in Glendora.
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      View Details
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      Glendora Mobile Home with Upgrades

      Mobile home in Glendora, near amenities and freeways.
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    Similar Nearby for Lease

    • Contact for pricing
      2,505 SF

      Retail Space Available For Rent

      Retail space available for lease in Glendora, California.
      947 Route 66 E, Glendora, CA 91740
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space For Lease

      Retail space with excellent access and parking available for lease.
      1433 Route 66 E, Glendora, CA 91740
      View Details
    • $3,000 /Mo

      Route 66 Storefront Opportunity

      2000 SF storefront on historic Route 66 in Glendora.
      611 Route 66 E, Glendora, CA 91740
      View Details
    • $3 SF/Yr
      2,220 SF

      Retail/Medical Space Near LA Fitness

      Retail or medical space with high visibility and ample parking.
      828 South Grand Ave, Glendora, CA 91740
      View Details
    • $1.40 SF/Yr

      Renovated San Gabriel Valley Shopping Center

      High-quality shopping center with excellent frontage and tenant mix.
      1301 S Grand Ave, Glendora, CA 91740
      View Details
    • $1,950 /Mo

      Commercial Space on Historic Route 66

      1,132 sq ft commercial space on Historic Route 66.
      633 Route 66 E, Glendora, CA 91740
      View Details
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    Glendora, CA 91740-3602
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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